Welltower Correlations

WELL Stock

USD 124.77 0.50 0.40%

The current 90-days correlation between Welltower and Ventas Inc is 0.73 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Welltower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welltower moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Welltower Correlation With Market

Significant diversification

The correlation between Welltower and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welltower and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welltower. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Welltower Stock please use our How to buy in Welltower Stock guide.

Moving together with Welltower Stock

0.79	HR	Healthcare Realty Trust	Pair Corr
0.89	UE	Urban Edge Properties	Pair Corr
0.89	EQIX	Equinix	Pair Corr
0.95	AKR	Acadia Realty Trust	Pair Corr
0.95	BRX	Brixmor Property Sell-off Trend	Pair Corr
0.89	BXP	Boston Properties	Pair Corr
0.9	DOC	Healthpeak Properties Symbol Change	Pair Corr
0.79	GTY	Getty Realty	Pair Corr
0.81	INN	Summit Hotel Properties	Pair Corr
0.88	IRT	Independence Realty Trust Sell-off Trend	Pair Corr
0.9	IVT	Inventrust Properties	Pair Corr
0.93	KRG	Kite Realty Group	Pair Corr
0.96	NHI	National Health Investors	Pair Corr
0.8	SLG	SL Green Realty Earnings Call This Week	Pair Corr
0.92	SPG	Simon Property Group Sell-off Trend	Pair Corr
0.99	VTR	Ventas Inc	Pair Corr
0.9	GLPI	Gaming Leisure Properties	Pair Corr
0.69	HASI	Hannon Armstrong Sus	Pair Corr
0.87	JBGS	JBG SMITH Properties	Pair Corr
0.91	PECO	Phillips Edison	Pair Corr
0.84	ROIC	Retail Opportunity	Pair Corr
0.9	SBRA	Sabra Healthcare REIT	Pair Corr
0.97	CTRE	CareTrust REIT	Pair Corr

Moving against Welltower Stock

0.56	HPP	Hudson Pacific Properties	Pair Corr
0.92	VINO	Gaucho Group Holdings	Pair Corr
0.9	UK	Ucommune International	Pair Corr
0.86	CHCT	Community Healthcare	Pair Corr
0.85	RC	Ready Capital Corp	Pair Corr

Related Correlations Analysis

	PEAK	HR	SBRA	NHI	GMRE	DOC	VTR	CTRE	CHCT
PEAK		-0.34	0.04	-0.02	0.39	-0.12	-0.22	-0.03	0.38	PEAK
HR	-0.34		0.79	0.82	0.54	0.78	0.77	0.76	-0.54	HR
SBRA	0.04	0.79		0.95	0.72	0.78	0.87	0.93	-0.63	SBRA
NHI	-0.02	0.82	0.95		0.57	0.86	0.94	0.97	-0.72	NHI
GMRE	0.39	0.54	0.72	0.57		0.39	0.35	0.5	-0.02	GMRE
DOC	-0.12	0.78	0.78	0.86	0.39		0.88	0.88	-0.73	DOC
VTR	-0.22	0.77	0.87	0.94	0.35	0.88		0.97	-0.88	VTR
CTRE	-0.03	0.76	0.93	0.97	0.5	0.88	0.97		-0.8	CTRE
CHCT	0.38	-0.54	-0.63	-0.72	-0.02	-0.73	-0.88	-0.8		CHCT
	PEAK	HR	SBRA	NHI	GMRE	DOC	VTR	CTRE	CHCT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CTRE	+ 0.97	NHI
CTRE	+ 0.97	VTR
NHI	+ 0.95	SBRA
VTR	+ 0.94	NHI
CTRE	+ 0.93	SBRA
VTR	+ 0.88	DOC

High negative correlations

CHCT	- 0.88	VTR
CHCT	- 0.8	CTRE
CHCT	- 0.73	DOC
CHCT	- 0.72	NHI
CHCT	- 0.63	SBRA
CHCT	- 0.54	HR

Risk-Adjusted Indicators

There is a big difference between Welltower Stock performing well and Welltower Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Welltower's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEAK	1.20	0.05	(0.01)	0.26	1.41	(1.22)	2.88	(2.16)	6.74
HR	0.94	(0.01)	(0.05)	0.08	1.06	(1.05)	2.09	(1.86)	5.98
SBRA	1.17	0.23	0.13	0.64	1.11	(1.30)	2.86	(2.08)	6.66
NHI	0.94	0.21	0.16	0.49	0.78	(1.10)	2.34	(1.30)	4.70
GMRE	1.18	(0.02)	(0.01)	0.08	1.48	(1.23)	2.72	(2.31)	8.76
DOC	0.90	0.11	0.09	0.23	0.73	(1.08)	2.54	(1.32)	7.87
VTR	0.80	0.29	0.20	63.49	0.63	(0.94)	2.07	(1.27)	5.83
CTRE	0.76	0.22	0.18	0.76	0.61	(0.89)	2.04	(1.27)	4.14
CHCT	2.08	(0.56)	0.00	(0.32)	0.00	0.00	3.73	(3.73)	24.70

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